{"id":95321,"date":"2020-12-24T15:16:18","date_gmt":"2020-12-24T09:46:18","guid":{"rendered":"https:\/\/www.vskills.in\/certification\/tutorial\/?page_id=95321"},"modified":"2024-04-12T14:25:21","modified_gmt":"2024-04-12T08:55:21","slug":"change-in-the-classification-of-a-foreign-operation","status":"publish","type":"page","link":"https:\/\/www.vskills.in\/certification\/tutorial\/change-in-the-classification-of-a-foreign-operation\/","title":{"rendered":"Change in the Classification of a Foreign Operation"},"content":{"rendered":"\n

When a foreign operation that is integral to the operations of the reporting enterprise is reclassified as a non-integral foreign operation, exchange differences arising on the translation of non-monetary assets at the date of the reclassification are accumulated in a foreign currency translation reserve.<\/p>\n\n\n\n

When a non-integral foreign operation is reclassified as an integral foreign operation, the translated amounts for non-monetary items at the date of the change are treated as the historical cost for those items in the period of change and subsequent periods. Exchange differences which have been deferred are not recognised as income or expenses until the disposal of the operation.<\/p>\n","protected":false},"excerpt":{"rendered":"

When a foreign operation that is integral to the operations of the reporting enterprise is reclassified as a non-integral foreign operation, exchange differences arising on the translation of non-monetary assets at the date of the reclassification are accumulated in a foreign currency translation reserve. When a non-integral foreign operation is reclassified as an integral foreign…<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-95321","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"\nChange in the Classification of a Foreign Operation - Tutorial<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.vskills.in\/certification\/tutorial\/change-in-the-classification-of-a-foreign-operation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Change in the Classification of a Foreign Operation - Tutorial\" \/>\n<meta property=\"og:description\" content=\"When a foreign operation that is integral to the operations of the reporting enterprise is reclassified as a non-integral foreign operation, exchange differences arising on the translation of non-monetary assets at the date of the reclassification are accumulated in a foreign currency translation reserve. 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